Plans have been submitted to build 800 houses in Derry and if granted, it would be the city’s biggest residential scheme in over 10 years.
South Bank Square has revealed it plans to develop land near the Caw roundabout, Crescent Link and Clooney Road area of Derry.
The plan of 800 new houses in Derry represents just 18% of the housing needed to deal with the projected growth of the city’s population over the next 20 years.
If approved, the scheme could take about 10 years to complete.
This is the first time since the property market crashed that developers in Northern Ireland have proposed major schemes like this.
South Bank Square’s lead planner, Brian Kelly, says that recent statistics suggest housing completions in the Derry City and Strabane Council area have been slower than elsewhere in Northern Ireland.